The 28-year-old Spain international will complete his move to White Hart Lane subject to medical, adding firepower to Andre Villas-Boas' bid for Champions League qualification
Goal revealed on Sunday that the two sides had struck a deal for the forward, with Spurs set to pay Soldado's €30 million [£25.9m] release clause.
|13/8||Tottenham are 13/8 with William Hill to finish in the top four
The signing takes on added significance for the north Londoners amid Real Madrid's concerted efforts to sign their star player Gareth Bale.
Goal revealed on Wednesday that negotiations have started between Spurs and Madrid over the 24-year-old's signature in a deal set to be worth £100m.
Soldado netted 24 goals in 35 league appearances for Valencia last season and was La Liga's fifth-highest scorer behind Lionel Messi, Cristiano Ronaldo, Radamel Falcao and Alvaro Negredo.